India Pesticides on growth track in promising agro-chemicals sector

ET INTELLIGENCE GROUP: India Pesticides plans to raise Rs 100 crore through the issue of fresh equity and Rs 700 crore through an offer for sale of existing shares. After the IPO, the promoter group’s holding will be reduced to 72% from around 83%. Investors may consider the issue given the company’s high growth business and relatively attractive valuations. The agrochemical company, which supplies products to larger global agrochemical